VTHO Price Prediction 2023-2032: Is the Vethor Token a Good Investment? | Cryptopolitan (2024)

VTHO Price Prediction 2023-2032

• VTHO Price Prediction 2023 – up to $0.002
• VTHO Price Prediction 2026 – up to $0.007
• VTHO Price Prediction 2029 – up to $0.019
• VTHO Price Prediction 2032 – up to $0.057

While most traders would be very familiar with the older cryptocurrencies likeBitcoin,Ethereum, andRipple,relatively new cryptocurrencies like the VeThor Token (VTHO) are also catching traders’ attention. Most crypto fanciers consider VeThor an “offshoot coin” to the “wildly successful” VeChain network. How can the VTHO price prediction help you regain footing on the crypto ground?

The VTHO token is paid as a form of a dividend to every holder of VET tokens, the native currency of the VeChain ecosystem. That said, we will look into the potential of VTHO if it’s worth owning today. VeThor price prediction is in close connection with theVeChain price prediction.

How much is VTHO worth?

Today’sVeThor Token priceis $0.001360 with a 24-hour trading volume of $1,143,939.VeThor Token is up 0.66% in the last 24 hours.The current CoinMarketCap ranking is #304, with a live market cap of $82,413,485.It has a circulating supply of 60,606,532,641 VTHO coinsand the max. supply is not available.

Let’s know more about VeThor Token (VTHO) before diving deep into the VTHO price predictions.

Also Read:

• VeChain Price Prediction 2022-2031: What’s the Growth Potential of VET?
• How to Stake VeChain

What is VeThor Token (VTHO)?

VeThor Token (VTHO) is one of the two native cryptocurrencies of the VeChainThorblockchainnetwork. Like its partner cryptocurrency, the VET coin, VTHO can be stored in hot and cold wallets that allow ERC-20 tokens, including Ethereum (ETH).

VeChain was launched in 2015, and at the time, there was only one native digital coin by the name VeChain Token (VET) used in the VeChain ecosystem.

After the rebranding, VeChain maintained VET to be the primary value-transfer Token; in contrast, the newly introduced token, the VeThor Token (VTHO), was adopted as the Token for paying to use the VehainThor blockchain by facilitating transactions and processes and the use smart contract deployment.

VTHO Overview

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What is the VeChainThor blockchain network?

VeChainThor is a public blockchain that allows members to participate by solving real-world problems. It was founded in 2015 under the name VeChain before being rebranded to VeChainThor in 2018.

Sunny Lu established the blockchain as a subsidiary of Bitse, one of the largest blockchain companies in China. However, Sunny Lu later parted ways with Bitse, and the Vechain platform stood independently.

The VeChainThor blockchain uses a proof-of-authority (PoA) consensus mechanism, which depends on authority controller nodes selected by the VeChainThor foundation to validate transactions and add blocks to the blockchain.

The PoA mechanism enables VeChainThor to process transactions at record processing speeds. The blockchain also has an open-source design that allows blockchain technology developers to pool their efforts to upgrade the blockchain.

VeChainThor also has meta-description features that allow users to conduct multi-party transactions involving multiple tasks. The blockchain also allows smart contracts, which are executed using the VTHO.

Why is VeThor Token (VTHO) unique?

The VeThor Token price is correlated by traders with the VeChain price. And just like the VET, it is a VIP-180 Standard token, meaning it is a unique ERC20 token. The VTHO token stands for VeChainThor Energy and is also known as VeThor Energy. It is usedto power transactions on VeChainand is equal to the cost of conducting transactions on its blockchain.

The dual-token design on the VeChainThor enables users to trade using two tokens, thus diversifying their investment portfolios. However, this does not mean that if you want to purchase the VeThor Token, you will have to buy the VeChain Token; you can buy one and leave out the other if you so wish.

But if you choose to invest in both, you will have to look at the VeThor token price forecast to keep up with the VET price as you also look at the VeThor token price prediction to keep up with the VTHO price.

The two-token system further helps separate the cost of using the VeChainThor blockchain from market speculation.

The governance mechanism stabilizes the cost of using the blockchain by destroying 70% of the VTHO paid for validating transactions on the blockchain and warding the 30% to the Authority Masternode Operator chosen by the VeChainThor foundation.

The most exciting part is that the supply chain of VeThor Token is actively tied to the VET. The VTHO is derived from the VET token. About 0.00000005VTHO is generated per VET for every block that is validated. This, in connection with the destruction of the 70% of the VTHO that is destroyed, keeps the circulating supply of VTHO at a low level at all times, which in turn keeps the demand of the token high.

In comparison to about 64 billion VET tokens currently in circulating supply, there are only about 38 billion VTHO tokens in circulation.

Where to buy VeThor Token (VTHO)

VeThor Token is available for trading on several crypto exchanges, includingBinance, Gate.io,MXC.COM, Crypto.com, Bitvavo, OceanEX, BitMart, andHotbit.

To buy VTHO, you will require to open an account with any of these cryptocurrency exchanges, transfer ETH, BTC, or any other digital currency or fiat currency that the exchange allows, then perform a buy transaction to buy VeThor Token using the currency you deposited with the exchange, and then transfer the purchased VTHO tokens to a private crypto wallet or let them remain in the exchange wallet for trading.

VTHO Price History

After VeChain was rebranded to VeChainThor in July 2018 and the VeThor Token (VTHO) was introduced, the bulls went ahead to register an imposing price movement to hit the highest Vethor token price of $0.04201 on August 01 of the same year. However, the trend was short-lived since it quickly became a bearish trend the day after.

The bearish trend continued until October 2018. The Token’s market price seemed to stabilize at about $0.0005 until January this year when some considerable bullish market movement drove the Token’s price to $0.0246 on April 16

But the trend has since taken on another bearish trend, and it is currently trading at $0.01088, which is 74.14% down from its all-time high three years ago.

VeThor Token (VTHO) price history byCoinmarketcap

Despite the bearish market resulting in the drop in the market cap, the trading volume of cryptocurrency continues to increase every day.

It is important to note that the price of the VeThor Token correlates with the VeChain price all along. If you look at the VeChain price chart, you shall realize that the charts seem to resemble each other, with the only difference being that the VeChain price is higher than that of the VTHO. The VeChain price is currently at $0.01088.

Due to this correlation, it would also be essential to look at theVeChain price predictionas a trader goes through this price prediction of VTHO. since the two tokens have maintained a close correlation for over two years, that may continue; meaningVeChain price predictionwould also offer an insight into the price prediction of VTHO.

VeThor Token Technical Analysis

Over the past few days, VeThor token’s price trend has been experiencing a bearish consolidation range, showing no significant price action. While VeThor has had some success recently, it still faces significant challenges amid the bearish trend in the cryptocurrency market. Concerns over the collapse of SVB, the loss of USDC’s dollar peg, and regulatory scrutiny from the SEC have all contributed to a bleak outlook for VTHO’s price. However, our VTHO price forecast employs advanced technical indicators to provide investors with a comprehensive analysis of the risks and opportunities associated with investing in VeThor. Despite the challenges, our analysis suggests there may still be potential for growth in VTHO, and it can help investors make informed decisions in this volatile market.

CoinMarketCap reports that the current price of the VTHO token is trading at $0.0013, showing a downtrend of nearly 2.55% from yesterday’s price. Our technical analysis of VTHO token suggests this cryptocurrency could soon display bullish signals, forming new highs as it experiences a significant recovery rally in line with the overall bullish market led by Bitcoin following the Fed’s efforts to aid banks’ collapses. Looking at the daily price chart, VeThor is struggling to trade above its EMA-20 trend line at $0.001416, facing rejection near its immediate resistance level of $0.0014. However, after forming a low near $0.00133, the VTHO token has taken support and is attempting to surge above the 23.6% Fib level. As the EMA-20 trend line has dropped significantly from its previous resistance level to $0.00156, VTHO tokens are trading within a consolidation level dominated by bears. VTHO is currently in an extreme fear zone because of the SEC’s crackdown on crypto, creating an FUD situation for investors. The Balance of Power (BoP) indicator is trading in a highly bullish region of 0.53, suggesting that the bullish momentum may extend if the VTHO token breaks above its merged pattern.

The popular RSI-14 indicator is trading on the verge of a bullish region at the level of 48, just above the midline, which may cause the VTHO token to test its resistance near the 31.6% Fib levels. The MACD line has formed a merged pattern in the chart, showing bullish candles above the signal line and indicating increased buying pressure in the VTHO price chart. However, the SMA-14 is showing signs of a bearish reversal, as it is slowly dropping below the midline, which may trigger a short-term bearish retracement for the VTHO token to the bottom levels. If the VeThor coin breaks above its resistance of $0.001473, it may pave its upward road to its Bollinger band’s upper limit of $0.001676, and if it breaks its strong resistance of $0.0019, it may attempt to go higher. Conversely, if VTHO drops below the crucial support level of $0.0013, a further bearish rally is expected, which may cause it to speed up a sharp collapse and trade near its Bollinger band’s lower limit of $0.0011. If VeThor’s price cannot hold above $0.001, it may gear up for a more bearish bloodbath and trade near $0.000867.

VTHO Price Prediction By Cryptopolitan

VTHO Price Prediction 2023

Our VTHO price prediction for 2023 expects an average trading price of $0.002, with a maximum trading price of $0.002. The VeThor coin might retrace downward with a minimum price of $0.002 by the end of 2023.

VTHO Price Prediction 2024

VeThor token boasts of developing solid and overwhelming fundamentals for the crypto community. Our VTHO price prediction for 2024 predicts that the token will extend its bullish momentum and likely achieve an average price of $0.003. The minimum trading price and the maximum trading price of VeThor crypto are predicted to be $0.003.

VTHO Price Prediction 2025

Our VTHO price prediction for 2025 anticipates an average value of $0.004, with a minimum value of $0.004 and a maximum price value of $0.004.

VTHO Price Prediction 2026

The VeThor coin may witness an astronomical rise in 2026 and bring an outstanding return on investment to its long-term holders. Our VTHO price prediction for 2026 expects an average trading price of $0.005, with a minimum trading price of $0.005 and a maximum trading price of $0.007.

VTHO Price Prediction 2027

The crypto market may soon end the tears and tantrums and overcome its current negative sentiments as it is building potential for a bullish comeback and is expected to skyrocket in the next few years. Our VeThor coin price prediction for 2027 suggests that it may touch an average trading price of $0.008, with a minimum trading price of $0.008 and a maximum trading price of $0.009.

VTHO Price Prediction 2028

Our VTHO price prediction for 2028 states that it may touch an average value of $0.011, with a minimum value of $0.011 and a maximum value of $0.013.

VTHO Price Prediction 2029

In the upcoming years, VeThor coin may gain impactful partnerships due to its user-friendly environment and can push its price to the North. Our VTHO price prediction for 2029 expects an average trading price of $0.016, with a minimum trading price of $0.016 and a maximum trading price of $0.019.

VTHO Price Prediction 2030

Depending upon the future market potential and response from the community, VeThor crypto can see an average forecast price of $0.024 and a maximum trading price of $0.028. However, the VeThor coin is projected to hit the bottom level at $0.023 by the end of 2030.

VTHO (VeThor) Token Price Predictions 2031

VTHO may bring a bullish wave to investors’ portfolios, as the token has bright promises ahead. The price of VTHO is projected to reach an average trading price of $0.034, with a minimum trading price of $0.033 and a maximum trading price of $0.041 by the end of 2031.

VTHO Price Prediction 2032

In 2032, the VTHO token is predicted to attain an average trading price of $0.050. With significant partnerships and responses from the community, the VeThor token may reach a maximum price of $0.057 and a minimum price of $0.048.

VTHO Price Prediction By Digital Coin Price

Digital Coin Price gives a bullish analysis for VTHO price forecast as the website anticipates that the value of VTHO will surpass the threshold of $0.00314 in 2024, with a projected minimum cost of $0.00285 by the end of the year. Moreover, the price of VTHO could reach a maximum level of $0.00353.

In 2032, the projected forecast indicates that VTHO’s value will exceed $0.0256, and by the end of the year, the minimum expected cost of VeThor Token will be $0.0255. Additionally, the maximum level VTHO price could reach is $0.0257.

VTHO Price Prediction By CryptoPredictions.com

CryptoPredictions.com’s VeThor price prediction expects a slow increase in the token’s value in the upcoming years. According to the prediction, VeThor is expected to commence in April 2023 at $0.00185 and conclude the month at $0.00224. Additionally, the projected maximum VTHO price during April is $0.00265, and the minimum price is estimated to be $0.0018.

In 2027, the minimum predicted price of the VTHO token is $0.0036, with a maximum trading price of $0.0053 and an average trading value of $0.00427.

VTHO Price Prediction By Wallet Investor

Wallet Investor expects the VTHO token to decline in the next few years, as their VTHO price forecasts an average trading price of $0.0001 in 2024, with a minimum price of $0.000054 and a maximum price of $0.00016.

VTHO Price Prediction By Market Sentiment

VeThor (VTHO) is a cryptocurrency that has been gaining attention from both the market sentiment and crypto experts. Many experts believe that VeThor has great potential for the future due to its unique position in the blockchain ecosystem.

One factor contributing to VeThor’s potential is its close relationship with the VeChain (VET) blockchain. VeThor is the token used to power VeChain’s blockchain, which is designed to improve supply chain management and improve transparency in various industries. As more businesses adopt blockchain technology, there is an increased demand for VeChain’s services, which in turn increases the demand for VeThor. Several market analysts expect that the VTHO token will surpass $0.1 by 2024’s end.

Conclusion

The VeThor Token plays a vital role in the VeChain Thor network by enabling users to broaden their usage of the blockchain. VTHO is necessary to cover the expenses associated with network usage, and no blockchain operation can occur without it. This feature facilitates quick execution of all transactions and smart contract operations, contributing to the biggest enterprise-scale ecosystem.

As the network expands, VTHO is increasingly gaining relevance as a valuable cryptocurrency asset and a critical component of the VeChain Thor ecosystem. In addition, crypto experts note that VeThor’s transaction fees are incredibly low, which makes it attractive to businesses looking to save on costs. As a result, VeThor’s potential use cases extend beyond just powering the VeChain blockchain, making it a versatile and practical cryptocurrency.

VeThor Token’s potential is on the rise as it continues to gain traction in the cryptocurrency market. With the increasing adoption of blockchain technology and the growing demand for efficient supply chain management, VeThor Token is well-positioned to continue its growth trajectory.

For a crypto coin such as VTHO to grow consistently according to the VeThor token price prediction above, the crypto coin has to be backed by a solid infrastructure and development framework that supports the growth and usage of the token itself. Since VeChainThor possesses these qualities, it provides an incredible platform for VTHO to grow and record the significant price gains discussed above.

VeThor Token is a non-minable cryptocurrency that doesn’t need miners to validate transactions or generate blocks. Instead of using a Proof of Stake mechanism, VeThor Token uses Proof of Authority to guarantee network security and confirm actions.

The value of VeThor Token is projected to improve as scarcity drives up prices. Please keep in mind that any investment involves some risk. VeThor Token’s future greatly depends on the general performance of the crypto sector. For investing in VTHO, you ensure that you are employing the proper plan.

This investment is not appropriate for those with an asymmetric risk profile. However, it remains a fantastic investment for people with a high-risk tolerance and a stable financial situation. Aside from its speculative nature, VTHO provides exposure to worldwide technology and an ever-expanding ecosystem.

The VTHO token price is expected to rise steadily over the years as predicted by Cryptopolitan. The forecasted prices are backed by careful analysis of historical price data and current prices. Based on the current market sentiments, the price of VTHO will resume an upward trend and continue steadily, making it a good long-term investment.

The coin is expected to climb according to most algorithmic price projections, although the rate differs depending on who you ask. Always conduct your own research before making an investment.